Orlando, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Orlando, Florida rental market.
Orlando, Florida
Average Apartment Rent
$1,915
Y-o-Y Change in Average
Apartment Rent
-1.3%
As of July 2024
Compared to a year ago, Orlando, Florida apartments have recorded a -1.3% rent decrease.
Orlando, Florida |Average apartment rent trend
Orlando, Florida| Average apartment rent
Orlando, Florida | Apartment rent ranges
At 45.28%, apartments priced $1,500 - $2,000 represent the bulk of Orlando, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.65%.
Orlando, Florida | Housing tenure**
Renters take up 61% of Orlando, Florida real estate, occupying a total of 74,508 units, while homeowners live in 48,099 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$52,510
Average household size of renter-occupied housing units**
2.38
Rental vacancy rate**
8.9%
Orlando, Florida | Renter-occupied housing units by no. of bedrooms**
There are 31,591 rentals in Orlando, Florida with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 417 units. Overall, the median number of rooms in Orlando, Florida homes for rent is 3.9.
Orlando, Florida |Renter-occupied units by age of householder**
Most condos for rent in Orlando, Florida are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Orlando, Florida | Renter-occupied housing units by family type**
Orlando, Florida | Renter-occupied housing units by the presence of own children**
A total of 35,021 apartments for rent in Orlando, Florida, or 47% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 19,854 units. All in all, the median size of a renter-occupied household in Orlando, Florida is 2.38.
Orlando, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Orlando, Florida.
Orlando, Florida | Renter-occupied units by year structure built**
The highest share of Orlando, Florida apartment rentals, namely 19% or 14,046 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (18%, 13,152 units), and the ones Built 1990 - 1999 (17%, 12,754 units).
Orlando, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Orlando, Florida renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Orlando, Florida condos for rent is 2018.
Orlando, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Orlando, Florida renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 10% have No vehicle available.
Orlando, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Orlando, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Orlando, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Orlando, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
